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At the year’s mid-point, there were 111 new SCAs filed in federal courts. -
The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
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Under the new law, vehicles will only be required to carry $100,000 in PIP per person.
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Litigation costs continue to weigh on long-tail lines, but effects of tort reform are visible.
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Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint.
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The rules would require paid rest breaks, among other measures.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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Jim Williamson said litigation funding had evolved into an investment class.
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A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
